13 Feb

Achieving a High Credit Score in Canada: Tips and Best Practices

General

Posted by: Craig Barton

Achieving a High Credit Score in Canada: Tips and Best Practices Your credit score is one of the most important factors when it comes to managing your finances in Canada. A high credit score can open doors to better loan rates, lower interest on credit cards, and even better rental opportunities. Whether you’re planning to […]

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24 Jan

Benefits of using a Mortgage Broker

General

Posted by: Craig Barton

Why Canadians Should Consider Using a Mortgage Broker Instead of a Big Bank When it comes to securing a mortgage for your home, Canadians are often faced with a choice: approach a traditional big bank or work with a mortgage broker. While both options have their pros and cons, there are several compelling reasons why […]

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25 Sep

Expanded Eligibility for Insured Mortgages

General

Posted by: Craig Barton

The federal government on September 24, 2024 announced expanded parameters for lenders and insurers to begin offering insured mortgages effective December 15, 2024. The expanded parameters include: Expanding the eligibility for 30-year amortizations. Increasing the $1 million cap to $1.5 million. To qualify for the 30-year amortization: the loan to value must be 80% or […]

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17 Sep

New Mortgage Rules

General

Posted by: Craig Barton

Big News for Homebuyers in Canada! Inflation has dropped to 2.0%! This could mean lower mortgage rates are on the way! New Mortgage Rules: The government is introducing 30-year mortgages for first-time buyers and increasing the price cap for insured mortgages to $1.5M. More flexibility for homebuyers! U.S. Retail Sales Update: Strong numbers could affect […]

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12 Jul

Understanding Mortgage Rates

Mortgage Tips

Posted by: Craig Barton

While not the only factor to look at when choosing a mortgage, interest rates continue to be one of the more prominent decision criteria with any mortgage product. Understanding how mortgage rates are determined and the differences between your typical fixed-rate and variable-rate options can help you make the best decision to suit your needs. […]

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